Kansspelautoriteit makes some rule changes before market debut

Kansspelautoriteit makes some rule changes before market debut

Added:
Posted by: AffPapa

The Netherlands Gaming Authority (Kansspelautoriteit) has modified multiple rules right before the launch of the regulated Dutch gambling market. These modifications is made up of new regulations and some alterations to the rules concerning money laundering and match-fixing.

The new market is set to launch in April of 2021, so this is the perfect time to take care of these types of problems. These are most likely not going to be the last modifications made.

The authority formerly updated the Act on the Prevention of Money Laundering and Terrorist Financing (Wfft). This act used to apply solely to Holland Casino, seeing as they were the only licence holders within the territory. Now, new applications are constantly being made to operate sites with casino games, so this act is probably going to be changed.

The Remote Gaming Act is expected to be released on the 1st of April 2021, which means that operators will obtain the ability to apply for licenses that will allow them to provide casino games in the country. A few of the new initiatives that were introduced by the Kansspelautoriteit will provide operators with the tools they need to entirely abide by the Wfft regulations.

Various concerns about different topics including match-fixing, identification and verification of players, and crediting gaming accounts without undue delay have all ready been discussed.

The Netherlands is now moving towards a more widespread and regulated gambling market, so it is quite possible to see more changes and modifications brought about to their current gambling laws.

  • Sky Sports launches Fantasy Football via Checkd Group
  • DraftKings strikes NHL affiliation